What is the collection period for given year

Assignment Help Accounting Basics

Reference no: EM131888369

Question: The 2017 income statements of AGT Inc. reports net sales of $3,800.0 million. The balance sheet reports accounts receivable, gross of $527.9 million at December 31, 2016 and $501.0 million at December 31, 2017. For the purpose of detecting earnings management, the collection period for 2017 (rounded to the nearest day) is?

Reference no: EM131888369

Questions Cloud

Convert an operating lease to capital lease : First define capital and operating leases, then What specific steps would be taken to convert an operating lease to a capital lease?

What many units must x company sell in order to break even : In 2017, there are only two expected changes. Direct material costs are expected to increase by 10% per unit, and fixed selling and administrative costs.

Compute swifty corporation receivables turnover : In 2017, Swifty Corporation has net credit sales of $1,510,700 for the year. It had a beginning accounts receivable (net) balance of $101,800.

Calculate the amount of revenue and gross profit : In 2016, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2018.

What is the collection period for given year : The 2017 income statements of AGT Inc. reports net sales of $3,800.0 million. The balance sheet reports accounts receivable, gross of $527.9 million.

What is the required return for overall stock market : Assume that the risk-free rate is 3% and the market risk premium is 3%. What is the required return for the overall stock market?

Beale required return exceed foley required return : CAPM and required return Beale Manufacturing Company has a beta of 1.8, By how much does Beale's required return exceed Foley's required return?

Probability distributions of expected future returns : Expected returns Stocks A and B have the following probability distributions of expected future returns.

Capm-portfolio risk and return : CAPM, portfolio risk, and return Consider the following information for three stocks, Stocks A, B, and C.

User Account

All Pages